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ASIA INTERNATIONAL ARBITRATION CENTRE (AIAC) - Coggle Diagram
ASIA INTERNATIONAL ARBITRATION CENTRE (AIAC)
OBJECTIVE
To provide a
dedicated secretariat
which facilitates the efficient, flexible, cost-effective and impartial administration of ADR
To provide a
venue equipped with world-class ADR facilities
specifically designed for the conduct of arbitration hearings, discussions, and other services
To provide the
latest innovations
in international ADR practice and services, all while being simultaneously attuned to the Malaysian setting
ABOUT
AALCO
Asian African Legal Consultative Organization
Established in 1956 at the Bandung Conference, Indonesia
Has membership of over 40 countries
Objective: To serve as an advisory board to member states on international law
AIAC
Name was changed in 2018
Same core values and objective, different branding
KLRCA
Established in 1978 as KLRCA
The first arbitration centre in Asia instituted under AALCO
VISION
First and ultimate option for ADR disputes and matters
OVERVIEW
AIAC is a
not-for-profit, non-governmental international arbitral institution
, which has been accorded independence and certain privileges and immunities by the State for the purposes of executing its functions as an independent, international organization specializing in ADR matters and services
MISSION
AIAC aspires to be a provider of top-tier institutional support as a neutral and independent venue for the conduct of domestic and international arbitration, and other ADR proceedings.
To promote and encourage the usage of ADR services to the public at large